XRP News: SEC Preparing to Drop Lawsuit Against Ripple, XRP Price Jumps 5%

The cryptocurrency market has been buzzing with excitement as rumors suggest that the US Securities and Exchange Commission (SEC) is preparing to drop its lawsuit against Ripple, the issuer of XRP. This development has led to a significant surge in the price of XRP, as investors react positively to the potential resolution of the long-running legal battle.

SEC Reportedly Preparing to Drop Ripple Lawsuit, XRP Jumps 5%

The US Securities and Exchange Commission (SEC) is reportedly preparing to conclude its long-running lawsuit against Ripple, the issuer of XRP. Following the rumors, the XRP price climbed roughly 5% from $2.14 to $2.24 within an hour. Journalist Eleanor Terrett reported, citing two ’well-placed sources,’ that the case is in the final stages of resolution, though negotiations over the terms of a settlement remain ongoing. The sources added that the primary point of contention in the settlement discussions appears to be Ripple’s efforts to secure more favorable terms.

XRP Price Volatility and Emerging Payment Token

There has been a wave of panic in the crypto market with Bitcoin dropping below 80k. The Ripple coin, XRP, is one of the altcoins showing wild imbalance, with its price breaking out below $2 to $1.916 before recovering. Traders fear a second breakout could be deadly for investors’ funds. However, a new payment token with 150x potential is gaining attention and might divert focus from XRP’s bearish moves.

SEC vs Ripple: Case Insiders Confirm the End is Near for $XRP Legal Battle

After more than three years of legal battles, the XRP global community anticipates the imminent close of the U.S. SEC vs Ripple Labs case. The partial victory on July 13, 2023, did not fully satisfy the Ripple community, leading to an ongoing appeal against the SEC. Ripple’s XRP sales to institutional investors were deemed to have violated securities laws, resulting in a permanent injunction in the ruling.

XRP Price Prediction: How High Can It Go in 2025?

XRP price prediction analysis has gained attention after a 300% surge following SEC case developments. Smart investors are diversifying with emerging opportunities like Dawgz AI. The token has dropped 12% over the past week, holding steady above $1.80. Analysts warn of a potential slip below this key level if buying pressure weakens.